HF Sinclair (NYSE:DINO) Lowered to Strong Sell Rating by Freedom Capital

Freedom Capital cut shares of HF Sinclair (NYSE:DINO) from a hold rating to a strong sell rating in a research note released on Tuesday morning,Zacks.com reports.

A number of other research analysts have also issued reports on DINO. Mizuho reiterated a “neutral” rating and set a $79.00 price target (up from $67.00) on shares of HF Sinclair in a research note on Wednesday, May 27th. Morgan Stanley raised their price objective on shares of HF Sinclair from $69.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, June 12th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $114.00 price objective on shares of HF Sinclair in a report on Wednesday. UBS Group boosted their target price on HF Sinclair from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, Wells Fargo & Company increased their target price on HF Sinclair from $58.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $80.75.

HF Sinclair Stock Performance

NYSE:DINO opened at $90.00 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 0.88. The firm has a market cap of $16.22 billion, a price-to-earnings ratio of 8.59 and a beta of 0.72. The firm’s fifty day moving average price is $74.89 and its 200 day moving average price is $64.02. HF Sinclair has a 1-year low of $42.16 and a 1-year high of $94.22.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, topping analysts’ consensus estimates of $4.49 by $0.82. HF Sinclair had a net margin of 6.13% and a return on equity of 18.62%. The company had revenue of $10.39 billion during the quarter, compared to the consensus estimate of $8.68 billion. During the same quarter in the prior year, the firm earned $1.10 EPS. HF Sinclair’s quarterly revenue was up 53.2% on a year-over-year basis. On average, sell-side analysts expect that HF Sinclair will post 11.15 EPS for the current year.

HF Sinclair Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, August 11th. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.50. HF Sinclair’s payout ratio is 30.08%.

Insider Buying and Selling at HF Sinclair

In related news, Director Manuel J. Fernandez sold 635 shares of HF Sinclair stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $73.09, for a total transaction of $46,412.15. Following the completion of the transaction, the director directly owned 16,543 shares of the company’s stock, valued at approximately $1,209,127.87. The trade was a 3.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Matthew Joyce sold 2,384 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total value of $166,236.32. Following the sale, the senior vice president owned 14,797 shares in the company, valued at approximately $1,031,794.81. The trade was a 13.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 13,736 shares of company stock worth $954,694. Corporate insiders own 0.26% of the company’s stock.

Institutional Investors Weigh In On HF Sinclair

Institutional investors and hedge funds have recently made changes to their positions in the business. V Square Quantitative Management LLC acquired a new position in HF Sinclair during the fourth quarter worth about $26,000. REAP Financial Group LLC acquired a new stake in shares of HF Sinclair in the fourth quarter valued at approximately $29,000. Nalls Sherbakoff Group LLC purchased a new position in shares of HF Sinclair during the 4th quarter worth approximately $36,000. Fairway Wealth LLC purchased a new position in shares of HF Sinclair during the 1st quarter worth approximately $41,000. Finally, State of Wyoming acquired a new position in shares of HF Sinclair during the 2nd quarter worth approximately $41,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

More HF Sinclair News

Here are the key news stories impacting HF Sinclair this week:

• Positive Sentiment: Q2 results significantly exceeded expectations. HF Sinclair reported adjusted earnings of $5.31 per share, above the $4.49 consensus estimate, while revenue reached $10.39 billion versus expectations of $8.68 billion. Net income was $892 million, or $4.93 per diluted share, compared with $208 million, or $1.10 per share, a year earlier. Higher refining margins and increased throughput drove the improvement. Reuters: HF Sinclair beats quarterly profit estimates
• Positive Sentiment: Lubricants and Specialties separation could unlock value. HF Sinclair plans to pursue a tax-efficient separation of the business through the capital markets, creating an independent, publicly traded company. Management says the new entity would have a capital-light model and greater financial flexibility; the business includes lubricants associated with the company’s DINO-branded motor oil. Financial Post: HF Sinclair strategic transformation
• Positive Sentiment: Dividend increased 5%. The quarterly payout was raised to $0.525 per share from $0.50, with a 2.3% indicated yield. The dividend is payable September 2 to shareholders of record August 11. Business Wire: HF Sinclair second-quarter results and dividend increase
• Neutral Sentiment: HF Sinclair also plans to retire Canadian base-oil refining assets, a move intended to streamline the portfolio but potentially reducing some operating capacity.
• Negative Sentiment: Analysts have cautioned that the spinoff plan may be largely reflected in the stock’s valuation after the earnings-driven advance, limiting additional near-term upside.

About HF Sinclair

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.